The preparation of an annual or bi-annual business plan and financial plan is a key part of running a business successfully. Performed regularly, the process provides a framework for the management of a care service to thoroughly review its progress and to set objectives for the future. It is also an opportunity for the directors or holding company to commit to supporting the budget and investment plans.
In particular, a plan gives business owners and investors an up-to-date assessment of the business as well as a roadmap for its future development.
A typical business plan might include at least the following elements.
Name of the business.
Business plan copy number.
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